NewEdge Wealth LLC Buys New Position in JPMorgan U.S. Quality Factor ETF $JQUA

NewEdge Wealth LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,400 shares of the company’s stock, valued at approximately $1,128,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Partners Wealth lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 4,153.5% in the 4th quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after acquiring an additional 1,336,332 shares during the period. Savant Capital LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 10.8% in the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after purchasing an additional 996,453 shares during the period. Hughes Financial Services LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 15,645.5% during the 4th quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock valued at $55,371,000 after purchasing an additional 870,829 shares in the last quarter. UMB Bank n.a. increased its position in shares of JPMorgan U.S. Quality Factor ETF by 4,731.9% during the 4th quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock valued at $47,428,000 after purchasing an additional 735,143 shares during the period. Finally, Savvy Advisors Inc. increased its position in shares of JPMorgan U.S. Quality Factor ETF by 64.4% during the 4th quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock valued at $85,834,000 after purchasing an additional 532,063 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA opened at $71.39 on Monday. The company has a market capitalization of $8.11 billion, a PE ratio of 23.86 and a beta of 0.91. The stock’s fifty day moving average is $71.08 and its 200-day moving average is $66.57. JPMorgan U.S. Quality Factor ETF has a one year low of $59.46 and a one year high of $72.66.

About JPMorgan U.S. Quality Factor ETF

The JPMorgan U.S. Quality Factor ETF (JQUA) is an exchange-traded fund that is based on the JP Morgan US Quality Factor index. The fund selects companies from the Russell 1000 using three quality factors: profitability, earnings, and solvency. JQUA was launched on Nov 8, 2017 and is managed by JPMorgan Chase.